ISHA Indicator v.8 - more than 70% winning rate
ISHA Indicator v.8 is a very easy-to-analyze arrow trading tool with impressive accuracy - more than 70% of winning trades. This indicator has no repainting at all - 100% non-repaint.
Characteristics of the ISHA Indicator v.8
- Platform: Metatrader4
- Currency pairs: Any currency pairs, recommended major
- Trading Time: European and USA trading sessions
- Time Frame: Any, recommended H1 and higher
- Recommended broker: RoboForex, InstaForex, Forex4you
A little about the indicator and its settings
Based on the indicator settings, I dare to assume that it is based on the upgraded ATR (Average True Range) indicator:
Here 5 lines are directly the main settings of the indicator:
- ATR Timer
- ATR Multiplier
- Reactor (0.1)
- Changing ATR method?
The rest of the lines are the notification system:
- Phone notifications
- Email notifications
- Popup notifications
And the last three lines of visual text customization (BUY and SELL):
- Text Width
- Buy Text Color
- Sell Text Color
Buy Green arrow – open Long position:
Sell Red arrow – open Short position:
Stop Loss should be set a few pips above / below the last local price high / low. To control an open position, you can use a Trailing Stop. Or exit when the opposite signal appears.
Take Profit ≥ 2*Stop Loss.
I bring to your attention a demo video of the signals of the indicator of an earlier 5th version on EURUSD M1 from 09.09.2020:
Like most similar indicators, ISHA v.8 has one significant drawback - it is flat (sideways movement of the market). It is worth being wary of and not trading in the Asian session on small timeframes.
Additional filters and training on a demo account will not be superfluous.
In the archive ISHA_Indicator.rar (43.2 Kb):
- ISHA INDICATOR Version 8.ex4
- ISHA template.tpl
Free Download ISHA Indicator v.8